Uber co-founder Garret Camp
Garrett Kemp’s plan to issue digital currency was announced last week. His cryptocurrency name was Eco, and the first circulation would reach 1 trillion.
Bitcoin with high prices last year, which was released in 2009, is limited to 21 million. The first batch of Garrett Camp's Eco cryptocurrency is planned to issue 1 trillion pieces, and the number will be Bitcoin 47619. Times.
Foreign media reported in the report that Garrett Camp’s first-of-a-kind 1 trillion cryptocurrencies, Eco, will be distributed to 1 billion registered users, 20% to trusted managers, and the remaining 30% to consultants. , Strategic Partners, Eco Foundation, which is responsible for distribution and operations, has a 10% each.
For the smooth distribution of cryptocurrency, Garrett Camp and a small part of its Expa startup incubator will donate approximately $10 million to the Eco Foundation for the Foundation's operating budget.
Garrett Kemp has issued his own cryptocurrency, hoping to change the various drawbacks of current cryptocurrencies, making it a widely used payment tool in everyday life.
It is worth noting that the Eco cryptocurrency issued by Garrett Kemp does not raise funds through ICO, which also avoids potential legal and regulatory issues. The U.S. Securities and Exchange Commission has now cryptocurrency to the same digital currency. Market-related technology companies and consulting agencies issued more than 80 subpoenas and asked them to provide relevant information.